DevelopingEconomy

Indonesian market rout over MSCI warning

Indonesia will drop concentrated-ownership stocks from its benchmark and has restricted selling after a record two-day $82bn rout triggered by MSCI's warning of possible removal from its indexes; stocks edged up on October 20. Bank Indonesia held rates on October 21, cutting reserve requirements and raising deposit rates to support the rupiah.

Developments: 5
Outlets: 2
Followed since: 19 Oct

The latest development

BloombergWed 21 Oct · 20:00 UTC
Bank Indonesia keeps its benchmark interest rate unchanged, opting to continue relying on targeted measures to support…

01The story so far

five developments over three days, a square each

02Developmentsnewest first

Wednesday 21 October

1 development

20:00 UTC· the latest
Bank Indonesia holds rate, cuts reserve requirements
Bank Indonesia kept its benchmark rate unchanged while cutting reserve requirements and raising deposit rates, relying on targeted measures to support the rupiah after the MSCI-triggered turmoil.
JakartaID
1 sourceBloomberg
- BloombergBlueskyWed 21 Oct, 20:00
  Bank Indonesia keeps its benchmark interest rate unchanged, opting to continue relying on targeted measures to support the rupiah Bank Indonesia kept its benchmark interest rate unchanged, while cutting reserve requirements and raising deposit rates, a mix of policies designed t
  The original post

Tuesday 20 October

1 development

05:35 UTC
Indonesian stocks inch up after curbs on selling
Indonesian shares rose after authorities restricted selling following a record two-day $82 billion rout sparked by MSCI's warning.
1 sourceReuters
- ReutersBlueskyTue 20 Oct, 05:35
  Indonesian markets inch up after authorities move to stem rout on MSCI expulsion fears Indonesian stocks rose on Tuesday as authorities in Jakarta introduced measures to restrict selling after ‌a record two-day $82 billion rout sparked by index provider MSCI's warning of possibl
  The original post

Monday 19 October

3 developments

21:00 UTC
Indonesia to drop concentrated-ownership stocks from benchmark index
Indonesia will remove stocks with concentrated ownership from its benchmark equities index in the latest effort to avert an MSCI downgrade.
1 sourceBloomberg
- BloombergBlueskyMon 19 Oct, 21:00
  Indonesia will remove stocks with concentrated ownership from its benchmark equities index, the latest effort to avert a possible downgrade of its market status by MSCI. Indonesia will remove stocks with concentrated ownership from its benchmark equities index, the latest effort
  The original post
10:45 UTC
Bank Indonesia narrowly expected to hold rates despite turmoil
A Reuters poll found a narrow majority expects steady rates on Wednesday, saying the rupiah's slide would have little bearing.
2 sourcesReuters
- ReutersBlueskyMon 19 Oct, 10:30
  Explainer: MSCI's case against Indonesian stocks and the $65 billion fallout Global index provider MSCI said last week it was considering downgrading Indonesia's stock market to "standalone" status from "emerging market", sparking a selloff that wiped about $65 billion in market
  The original post
- ReutersBlueskyMon 19 Oct, 10:45
  Bank Indonesia narrowly expected to hold interest rates despite market turmoil Indonesia's central bank will hold interest rates steady on Wednesday, according to a narrow majority of economists in a Reuters poll who said the rupiah's slide following a warning Indonesian stocks
  The original post
04:11 UTC
Indonesian stocks, rupiah slump on MSCI downgrade warning
Stocks slid to a six-year low in a record two-day rout as MSCI warned of a possible two-step downgrade or expulsion from its global indexes.
JakartaID
2 sourcesBloomberg, Reuters
- BloombergBlueskyMon 19 Oct, 04:11
  Indonesian markets extended their selloff, with stocks deepening their worst rout in almost 30 years and losses spreading to bonds and the rupiah after MSCI Inc. warned the country may face a two-step downgrade
  The original post
- ReutersBlueskyMon 19 Oct, 06:30
  Panic' selling hits Indonesian markets on MSCI expulsion threat Indonesian stocks slid to a six-year low in a record two-day rout and the rupiah fell after a warning from MSCI over possible expulsion ‌from its global indexes next year, heaping pressure on Jakarta to respond to
  The original post